Who gambles in the stock market

In the paper, " Who Gambles in the Stock Market?" Alok Kumar, assistant professor of finance at the McCombs School of Business at The. These results indicate that state lotteries and lottery-type stocks attract very similar socioe- conomic clienteles. THE DESIRE TO GAMBLE IS DEEP-ROOTED in. This study shows that the propensity to gamble and investment decisions are correlated. At the aggregate level, individual investors prefer stocks with lottery.

Who gambles in the stock market - ist

In the cross-section, socioeconomic factors that induce greater expenditure in lotteries are associated with greater investment in lottery-type stocks. The Implications of Probability Weighting for Security Prices. Cookies are used by this site. Keeping your sights firmly on a long-term horizon — such as five years away — will also help you resist the panic-stricken impulse to sell shares if they suddenly fall. But hold on — isn't buying shares akin to a day at the races? In addition, I would like to thank Nick Crain, Jeremy Page, and Margaret Zhu for excellent research assistance; Itamar Simonson for making the investor data available to me; Brad Barber and Terrance Odean for answering numerous questions about the investor database; and Garrick Blalock for providing the state lottery expenditure data.

Who gambles in the stock market Video

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